The European Financial Stability Fund will contribute 109.1 billion euros to Greece’s second bailout program, on top of the 35.5 billion euros which was planned to be offered for covering the costs of the Greek debt PSI, EFSF head Klaus Regling was quoted as saying by international media.

The EFSF will provide 48 billion euros in the form of its own bonds to recapitalize Greek banks while the remaining 61 million euros will be channelled for normal program financing.

The International Monetary Fund agreed to participate in Greece’s second bailout aid with 28 billion euros.